17 CFR § 32.1 - Scope.

---
identifier: "/us/cfr/t17/s32.1"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "17 CFR § 32.1 - Scope."
title_number: 17
title_name: "Commodity and Securities Exchanges"
section_number: "32.1"
section_name: "Scope."
chapter_name: "COMMODITY FUTURES TRADING COMMISSION"
part_number: "32"
part_name: "REGULATION OF COMMODITY OPTION TRANSACTIONS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "7 U.S.C. 1a, 2, 6c, and 12a, unless otherwise noted."
regulatory_source: "77 FR 25338, Apr. 27, 2012, unless otherwise noted."
cfr_part: "32"
---


# 32.1 Scope.

The provisions of this part shall apply to all commodity option transactions, except for commodity option transactions on a contract of sale of a commodity for future delivery conducted or executed on or subject to the rules of either a designated contract market or a foreign board of trade.